N.Y. CCO Law § 123
This is the official text of N.Y. CCO Law § 123, part of New York’s CCO Law — part of the compiled statutory law of New York, published by the state as "CCO Law." Browse the sections below, each linked to its official government source.
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Credit and agency corporations; ownership of voting common stock; directors
Official statutory text
§ 123. Credit and agency corporations; ownership of voting common\nstock; directors. All the voting common stock of a cooperative credit or\nagency corporation must be owned by one or more cooperative corporations\norganized or operating under the provisions of this chapter. The\ndirectors must be members or stockholders of one or more of the\ncooperative corporations which own the voting common stock.\n
Status: in_force · Read it on the official government site
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